NeuLion swings to $1.1 million Q4 profit

Plainview-based NeuLion, which specializes in providing professional sports over the Internet, swung to a $1.1 million fourth quarter profit from an $800,000 loss a year ago, as revenues jumped 34 percent to $14.1 million.

The firm shrank its annual loss to $2.3 million from $10.1 million a year ago, as revenues jumped to $47.2 million from $39 million.

CEO Nancy Li said the improvement “correlates to our ability to capitalize on the worldwide adoption of digital media as the means for consuming content.”

Professional sports revenue for the fourth quarter jumped 74 percent to $6.8 million, while college sports rose 23 percent to $3.8 million.

For the year, professional sports soared 55 percent to $20.9 million, while college sports revenue increased 16 percent to $12.6 million.

The firm during the quarter deployed new NHL smartphone applications for 14 teams and launched a new digital service for the NBA’s Portland Trailblazers.

NeuLion also launched the Watch NFL Network, letting fans watch the NFL Network and NFL RedZone live on mobile devices.